Watch List notes:

China (People's Republic), gold 1 oz proof official Panda issue, 1988, Munich International Coins Fair, NGC PF 69 Ultra Cameo. KM-XMB25; PAN-91A. Only one graded higher (PF 70) by NGC. Mintage: 2,000 (planned; actual and surviving unknown). While the name of the show was technically NUMISMATA, the Munich show in 1988 was specified on this coin as MUNICH INTERNATIONAL COINS FAIR (called Munich Coin Bourse by KM and MUNICH INT'L COIN SHOW by NGC). Pedigreed to the Gansu Collection of Chinese Panda Coinage.

Estimate: $1800 - $2600